Hong Kong Fourth Quarter Used-Home Sales May Drop, Wen Wei Says

Hong Kong may record 6,000 monthly used-home sales in the fourth quarter, a 14 percent drop from the third quarter, amid concern that the government may introduce further property curbs, the city’s Wen Wei Po reported, citing Centaline Property Agency Ltd. Managing Director Louis Chan.

Home prices may decline as much as 5 percent in the three months, according to the report.

To contact the reporter on this story: Bei Hu in Hong Kong at bhu5@bloomberg.net

To contact the editor responsible for this story: John Chacko at jchacko@bloomberg.net

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